The Institute of Retirement Funds looks to be on its last legs.it's
terribly sad. Trustees still need a voice the IRF was supposed to have
provided. Now more dysfunctional then ever, it can’t.Read more...
Curators are attacking the big institutions. Standard Bank, Absa
and Old Mutual are in their lines of fire. All are defending, and
Standard has some initial success before an appeal tribunal in an
ongoing R700m arbitration.Read more...
There might not be much of a Rocklands “scandal” after all; FSB
explains surplus payments from the “Ghavalas option” pension
funds; PIC presents the case for remaining as it is; Sanlam’s Van Zyl
points to industry challenges from the “regulation rampage”; Tricky
insurance for trustees; SA responsible investment gets flattering
attention in international journal; merger of NMG and Jacques
There should be leaps
forward in consumer
financial literacy from
adoption of the Financial Sector Charter.
Institutions are obliged to make significant
investments. To spend them well will satisfy
a gaping social need, and potentially grow
the savings market.Read more...
Principal Officers Association shows advances to recognised
professionalization. It fits snugly with what National Treasury and
the FSB want.Read more...
FUND ADMINISTRATION 1
The decision by Old Mutual to close its administration business for
standalone funds has ignited controversy. Others will continue to
offer the service, but there can be no question that the trend for
consolidation into umbrella arrangements is accelerating.Read more...
FUND ADMINISTRATION 2
Sensing opportunity, some smaller administrators suggest that
umbrellas aren’t necessarily what they’re cracked up to be.
These arrangements aren’t always suitable for everybody, and
there’ll always be a need for standalones.Read more...
Workplace interaction – between trustees of umbrella
funds, employers and employees – remains imperative. So
also does trustee independence from umbrellas’ sponsors.
Member committees, representing employers and
employees of umbrella constituents, have a vital role.Read more...
Too few companies are so far taking advantage of the
JSE dispensation on newspaper advertising. They should
be giving it more thought, not merely for the sake of
compliance but mainly for promoting the stakeholder
inclusivity that they’re supposed to support.Read more...
Alexander Forbes has produced comprehensive research,
made the more useful by electronic facilities for
comment and discussion. The report again illustrates an
unsatisfactory state of play, grist to the mill of National
Pravin Gordhan has introduced a new savings vehicle with
exciting possibilities that need to be properly explored. He’s
also moving to implement retirement-fund reforms. Those on
governance will have specific impacts for trustees.Read more...
Transparency of shareholder activism is impeded by
institutions’ and asset managers’ nominee accounts for
pension funds. Getting to the bottom of how CRISA and Reg
28 are being applied is an outstanding defect in the STRATE
dematerialization system of uncertificated shares.Read more...
It can all be done some much more simply. There’s an
obsession with form as opposed to substance, unnecessarily
confusing and costly to investors.Read more...
Gold Fields as a case study.
What does chair-turnedpolitician
Ramphele think of it now?Read more...
After Marikana, Lonmin
searches for its SA